Main Management ETF Advisors LLC acquired a new stake in Iris Energy Limited (NASDAQ:IREN - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 90,016 shares of the company's stock, valued at approximately $760,000.
Several other hedge funds and other institutional investors have also recently bought and sold shares of IREN. Truist Financial Corp boosted its holdings in Iris Energy by 3.2% in the second quarter. Truist Financial Corp now owns 51,575 shares of the company's stock valued at $582,000 after acquiring an additional 1,575 shares during the last quarter. Chesapeake Capital Corp IL boosted its stake in Iris Energy by 27.9% in the third quarter. Chesapeake Capital Corp IL now owns 17,695 shares of the company's stock valued at $157,000 after buying an additional 3,861 shares in the last quarter. Chicago Partners Investment Group LLC raised its position in Iris Energy by 13.2% in the third quarter. Chicago Partners Investment Group LLC now owns 54,515 shares of the company's stock valued at $473,000 after purchasing an additional 6,347 shares during the last quarter. Wellington Management Group LLP raised its position in shares of Iris Energy by 28.3% during the third quarter. Wellington Management Group LLP now owns 36,651 shares of the company's stock worth $309,000 after acquiring an additional 8,092 shares during the last quarter. Finally, Bluefin Capital Management LLC acquired a new stake in Iris Energy during the second quarter worth approximately $113,000. 41.08% of the stock is owned by institutional investors.
Analysts Set New Price Targets
IREN has been the subject of a number of research reports. Roth Capital raised Iris Energy to a "strong-buy" rating in a research note on Tuesday, October 1st. JPMorgan Chase & Co. lowered their target price on Iris Energy from $11.00 to $9.50 and set an "overweight" rating on the stock in a research note on Friday, August 23rd. Macquarie boosted their price objective on Iris Energy from $13.50 to $19.00 and gave the company an "outperform" rating in a research note on Wednesday. Compass Point reduced their target price on Iris Energy from $18.50 to $16.00 and set a "buy" rating for the company in a research report on Friday, August 30th. Finally, Needham & Company LLC reissued a "hold" rating on shares of Iris Energy in a research note on Wednesday, November 27th. One analyst has rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Iris Energy presently has an average rating of "Buy" and an average price target of $16.94.
Get Our Latest Report on Iris Energy
Iris Energy Trading Up 8.8 %
IREN traded up $1.24 on Friday, hitting $15.39. The company had a trading volume of 21,750,303 shares, compared to its average volume of 19,530,648. Iris Energy Limited has a 12-month low of $3.56 and a 12-month high of $15.92. The business's fifty day simple moving average is $10.14 and its 200 day simple moving average is $9.87.
Iris Energy Company Profile
(
Free Report)
Iris Energy Limited owns and operates bitcoin mining data centers. The company was incorporated in 2018 and is headquartered in Sydney, Australia.
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